Here is what an influx of retirees to Florida means for our market.
Today I want to talk about a topic that everyone has probably thought of at some point: retiring to Florida.
I was inspired to make this video because I saw a recent poll that showed the average American plans to retire at age 66. This is up from 1995 where that number was 60. This poll shows retirees are delaying retirement because they want to have enough money saved up to maintain their lifestyle after they stop working.
We decided to look into the numbers a bit further, so we visited WalletHub, a website that ranked the top 10 places to retire in the U.S. Four of the top 10 cities were in Florida including the number one spot, Orlando. This was based on affordability, access to healthcare, quality of life, and low taxes. This makes Florida very attractive to retirees.
On a related note, we’ve also seen some homeowners in our area reduce their listing price to get their homes sold. What has been happening is Internet Marketing companies show sellers a high price, and once homeowners weren’t able to find any willing buyers, owners find the need to make price reductions to get the home sold. This just shows that unless a real estate professional comes to your house and gives you a consultation on your home, you don’t truly know what the right price is.
If you are looking to sell your home, there will continue to be an influx of retirees coming to Florida. You still have to price your home correctly. If you would like a free consultation, please reach out to me via phone or email. I am always willing to talk.
